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abu dhabi real estate and property news

Abu Dhabi waits on new regulations to replace its abandoned rents cap
May
10
Eighteen months after Abu Dhabi removed a 5 per cent rent cap for properties in the capital, questions are being raised about what, if anything, will replace it. With rents in the city rising steadily over the past 18 months, stories abound of some long- term tenants facing demands from landlords f Read more..

Retail assets push up Emaar profit
May
05
Emaar Properties first-quarter profit rose more than 7 per cent, helped by its retail assets. Last year the developer hived off 25 per cent of its prestigious shopping centres division through an IPO. Assets in the vehicle, 75 per cent of which is still owned by Emaar, include the developer’s Read more..

Retail assets push up Emaar profit
May
05
Emaar Properties first-quarter profit rose more than 7 per cent, helped by its retail assets. Last year the developer hived off 25 per cent of its prestigious shopping centres division through an IPO. Assets in the vehicle, 75 per cent of which is still owned by Emaar, include the developer’s Read more..

Arabtec decides on Emirati-only board at AGM
May
02
Arabtec has passed a resolution stipulating that in future only Emiratis may become board members. At its annual general meeting and extraordinary general meeting held on Thursday at the Armed Forces Officers Club and Hotel in Abu Dhabi, shareholders voted to restrict board membership to Emiratis a Read more..

Dubai landlord ‘duped’ by tenant over rent increase
Apr
29
I own an apartment in Business Bay and last year served an eviction notice on the tenant as I would like to sell the apartment. They were due to leave in May. However, a couple of weeks ago the tenants pleaded to stay. I told them I had to sell the apartment to adhere to RER Read more..

Khadem Al Qubaisi steps down as Aabar Properties chairman
Apr
28
Khadem Al Qubaisi has stepped down as chairman of the Abu Dhabi developer Aabar Properties, capping a week in which he has also left similar roles at International Petroleum Investment Company (Ipic) and Arabtec Holding. The website of Aabar Properties, the developer of the Wave and Kite  Read more..

Mega-project for Abu Dhabi’s Eagle Hills in Belgrade
Apr
27
Abu Dhabi’s Eagle Hills has signed a deal to develop a vast site in the Serbian capital of Belgrade that will be home to the biggest mall in the Balkans. Mohamed Alabbar, the chairman of Emaar Properties and also a board member of Eagle Hills, yesterday signed the deal with the Serb Read more..

Abu Dhabi inflation at highest level since 2009 as housing costs bite
Apr
26
Inflation in Abu Dhabi edged up to a six-year high last month as the effect of rent rises is finally reflected in official figures. Prices in the capital rose 5.3 per cent in March against the previous year, according to Reuters calculations, driven almost entirely by rising housing costs. This is  Read more..

Luxury property lifts Damac first-quarter profit
Apr
23
Damac Properties reported a 3 per cent rise in profit from its property interests for the first quarter of the year, even as headline profits fell by more than a third. The Dubai-based developer announced yesterday that profit at Damac Real Estate Development, the company’s principal operator Read more..

Stable outlook for Abu Dhabi urban planning
Apr
22
The Abu Dhabi Urban Planning Council (UPC) approved 22 new projects in the first quarter, shrugging off concerns that a weaker oil price could hit projects. This will add more than 700,000 square metres of gross floor area in development plans to the capital. The oil price rout has not c Read more..

Mubadala selling 140 apartments in Al Maryah’s Abu Dhabi Global Market Square free zone
Apr
21
Mubadala Development will begin selling more than 140 serviced apartments at its Rosewood and Four Seasons hotels on Al Maryah Island. The Abu Dhabi strategic investment company completed a block of 73 apartments – including one, two and three bedroom units – and three penthouses l Read more..

Arabtec agrees on terms with Egypt for first phase of $40bn housing project
Apr
04
Arabtec has confirmed that it has finally reached a deal with the Egyptian government to begin the first phase of a US$40 billion project to build 1 million homes in Egypt. Dubai’s largest listed builder said that the Egyptian government had given the green light to start work on its long-awa Read more..

Can Abu Dhabi tenant stay put if landlord sells property?
Apr
02
I rented an apartment in Abu Dhabi in November last year and it recently came to my knowledge that the landlord is selling the apartment. Can the current landlord or the new owner ask me to vacate the apartment once the purchase is complete if this is before the expiry of my current contract? I Read more..

UAE plays its part in Egypt’s capital idea
Apr
01
Egypt’s economic development conference, Egypt The Future, held this month in Sharm El Sheikh, brought a flood of Arabian Gulf investments, with several multibillion-dollar deals signed across the property and energy sectors. The scope of the projects suggests growing economic and political i Read more..

Damac pins hopes on suburban villas in Dubai
Mar
31
Damac Properties is hoping that a switch from super-luxury apartments to more affordable suburban villas will help it weather the emirate’s property slowdown. The developer, which moved its listing from London to Dubai at the start of the year, said yesterday that customers had agreed to buy  Read more..

Rising Dubai office values pay off for Emirates Reit
Mar
30
Net asset values per share at the UAE’s first Sharia-compliant regulated real estate investment trust edged up at the start of the year as Emirates Reit benefited from rising office values in Dubai. In a statement to Nasdaq Dubai yesterday, the real estate investment trust reported that net a Read more..

Balfour Beatty racks up £15m losses at Middle East unit
Mar
29
Balfour Beatty, Britain’s biggest builder, has blamed problems with two projects for £15 million (Dh81.9m) of losses from its Middle Eastern division. The builder, which operates in the UAE through joint ventures Dutco Balfour Beatty and BK Gulf, reported that its regional arm had made  Read more..

UAE-backed Wessal Capital begins work on portion of €530m Casablanca revamp
Mar
28
A UAE-backed investment fund has started work on a €530 million (Dh2.13 billion) project to revamp the Moroccan city of Casablanca as the country taps billions of euros of funding from Gulf states. Wessal Capital, a vehicle comprising Abu Dhabi’s Aabar, Qatar Holding, the Kuwaiti Investm Read more..

UAE-backed Wessal Capital begins work on portion of €530m Casablanca revamp
Mar
26
A UAE-backed investment fund has started work on a €530 million (Dh2.13 billion) project to revamp the Moroccan city of Casablanca as the country taps billions of euros of funding from Gulf states. Wessal Capital, a vehicle comprising Abu Dhabi’s Aabar, Qatar Holding, the Kuwaiti Investm Read more..

Aldar sells Dh600m of villa plots in Abu Dhabi’s Khalifa City
Mar
25
Aldar, Abu Dhabi’s largest listed property developer, has sold more than Dh600 million worth of land plots at its latest housing project. Aldar sold 281 villa plots at its 690,000 square metre Al Merief master-planned community to be built in Khalifa City close to Masdar City and Al Raha Beac Read more..

Arabtec shares plunge nearly 10 per cent in Dubai after profit dives
Mar
23
Shares in Arabtec fell to their lowest price in more than 14 months on Sunday as investors reacted to the company’s surprise fourth-quarter loss. The UAE’s largest listed contractor startled the market by revealing a Dh94.4 million loss for the final three months of 2014, compared with  Read more..

Investment from Arab real estate companies expected to accelerate Egyptian economy
Mar
22
New investments in real estate megaprojects could help the Egyptian economy to achieve escape velocity, analysts say. But project execution is seen as a key test after past disappointments. A plan to build a new administrative capital to the east of Cairo, which it is said will be the size of Sing Read more..

Arabtec directors await developments on Egyptian project
Mar
21
Arabtec directors were due to meet on Thursday after a tough week for the company’s stock that traded down on five consecutive sessions. The stock fell 0.76 per cent on Thursday to close at Dh2.62 as investors continued to await news of progress on a project to build a million low-cost houses Read more..

All about location at Abu Dhabi’s latest beachside community
Mar
19
Located on a thin strip of land at the far end of Saadiyat Island, the Hidd Al Saadiyat development is Abu Dhabi’s latest attempt at a luxury beachside community. Perversely for a city built on a collection of islands, few existing housing schemes in the capital are built with beach access.  Read more..

Dubai tenant without valid residency visa can be evicted by landlord
Mar
18
I have rented out my property in JLT since late March 2014. Since the tenant did not have a UAE residence visa at the time of leasing, he asked me to prepare a tenancy contract in his friend’s name. We made a written agreement that once his visa process was completed after three months, we wou Read more..

Show homes unveiled for luxury Hidd Al Saadiyat villas
Mar
17
Luxury beachside villas at Hidd Al Saadiyat in Abu Dhabi are now 40 per cent complete, according to Saadiyat Development and Investment Company (SDIC). The development company today unveiled its model villas at the project for clients and potential investors to come and view. The project is built  Read more..

Drake & Scull and Habtoor Leighton win Dh395m contract for Dubai’s Jewel of the Creek
Mar
16
Drake & Scull and Habtoor Leighton have been jointly awarded a Dh395 million contract to provide mechanical, electrical and plumbing works for the latest part of one of Dubai’s largest construction projects. Dubai International Real Estate (Dire), a private developer, awarded the con Read more..

Amlak Finance aims for return to DFM trading after six years
Mar
15
Amlak Finance shares are set to start trading again next month after an absence of six years. The Sharia-compliant mortgage lender, which is 45 per cent owned byEmaar Properties, announced yesterday that it was aiming to have its stock readmitted to the Dubai Financial Market for res Read more..

Orascom rises 2.8% in first day of trade at Nasdaq Dubai
Mar
14
Orascom Construction, the contractor spun out of the Egyptian conglomerate, turned in a respectable first day’s trade on the Nasdaq Dubai stock exchange, with a 2.8 per cent rise to US$14.69. Listing on Nasdaq Dubai marks the split of the construction and engineering businesses away from Oras Read more..

Can Dubai landlord send eviction notice midway through tenancy agreement?
Mar
12
We are renting a villa in Jumeirah Park in Dubai. Our contract is due for renewal in April this year. However, last year, the landlord gave us a tenancy contract that stated “one year only-not renewable”. We have signed the “non-renewable” tenancy contract knowing that it can Read more..

Abu Dhabi luxury housing rises fifth-fastest in the world
Mar
10
Prime house prices in Abu Dhabi rose by the fifth-fastest rate in the world last year, according to a new report. According to Knight Frank’s Global Wealth report, luxury house prices in the capital rose 14.7 per cent last year on average, placing them just behind those of New York, Aspen, Ba Read more..

Nowhere for SMEs to call home in Abu Dhabi
Mar
09
Take a walk any evening along the Abu Dhabi Corniche this time of year, and you are bound to see groups of tourists snapping selfies against the city’s impressive skyline. With the glowing, wavy facade of the Abu Dhabi Investment Authority Tower, the graceful curves of Etihad Towers and the im Read more..

Can Abu Dhabi tenant terminate lease due to mould?
Mar
08
We have a serious mould issue in our apartment and it is affecting my wife’s health. We’ve been in contact with property management but so far they have just been cleaning the visible areas and not removing the mould that is behind and possibly in the porous kitchen wood cabinetry. Every Read more..

Third phase of Saadiyat Beach Villas set for June completion
Mar
07
Abu Dhabi’s Tourism Development and Investment Company (TDIC) has said that construction of the third phase of Saadiyat Beach Villas is on track for completion in June. The third phase consists of 77 four and five-bedroom villas, covering 4,833 sq ft and 5,834 sq ft respectively. “Once Read more..

Arabtec wins Saudi contracts worth Dh1 billion
Feb
26
Arabtec has won contracts worth nearly Dh1 billion in Saudi Arabia as the company tries to shrug off last year’s restructuring and strengthen its oiland gas construction business. In its third major new business since a company restructuring last year, the UAE’s largest publicly tr Read more..

Burj Mohammed bin Rashid tower in Abu Dhabi 90 per cent leased
Feb
25
Aldar has announced that leasing in the tallest tower in Abu Dhabi has already reached 90 per cent as demand for prime residential property in the capital remains strong. The units at the 382m tall Burj Mohammed bin Rashid were launched in November, and the skyscraper now houses 852 residents, Read more..

More than half of apartments at Burj Mohammed Bin Rashid tower in Abu Dhabi leased in first week
Nov
19
Aldar Properties, the Abu Dhabi developer, has said that it has already leased 50 per cent of the units at its newly launched Burj Mohammed Bin Rashid tower - the tallest in the capital. The 474 units across 92 floors came to the market a week ago and have direct access to the World Trade Center Ma Read more..

Dubizzle reveals most popular Abu Dhabi property searches
Nov
09
The Dubizzle website on Tuesday released a list of its most popular Abu Dhabi property searches from the year’s third quarter. The capital region’s top rental property searches were: over 500K monthly searches for studio apartments in Khalifa City A; Over 200K monthly searches for one b Read more..

Calls to reinstate Abu Dhabi rent control to protect low-paid workers from steep increases
Oct
13
Nearly a year after Abu Dhabi removed a 5 per cent rent cap for properties in the capital, property experts are calling on the government to reinstate rent controls to prevent low-paid workers from being priced out. Last November the Abu Dhabi Executive Council abolished the annual extens Read more..

Does UAE property ownership provide a residency visa?
Oct
13
I am leaving the UAE for a job abroad. As I have a property in the UAE, what are the possibilities of a residency visa for property owners/investors? SA, Abu Dhabi To obtain a residency visa in connection with property ownership, the individual must own a property that has a minimum value Read more..

TDIC to build 100 super-luxury villas on Saadiyat Island in Abu Dhabi
Sep
29
TDIC plans to build up to 100 of its most expensive villas close to the soon-to-open Louvre museum on Saadiyat Island. Tourism Development & Investment Company (TDIC), the government-owned developer of cultural and residential projects in the capital, said that it was about to unveil a new phas Read more..

New cruise terminal at Abu Dhabi’s Port Zayed to celebrate UAE heritage
Sep
20
The design of the new cruise terminal at Zayed Port in Abu Dhabi will celebrate the UAE’s cultural heritage. Unveiled at the cruise event Seatrade Med 2014 in Barcelona, the terminal will feature traditional arabic ornaments, colours and shapes combined with modern architecture, with a lattic Read more..

Aldar sells Marina Square tower on Abu Dhabi’s Reem Island to Dubai joint venture
Sep
09
Aldar has completed the sale of a block of 202 flats on Abu Dhabi’s Reem Island to a joint venture between two Dubai-based investment companies. The Abu Dhabi-listed developer said that it would use the cash from the sale of the 44,424 square metre B2 Tower in Marina Square to invest in new d Read more..

Aldar sells Marina Square tower on Abu Dhabi’s Reem Island to Dubai joint venture
Sep
03
Aldar has completed the sale of a block of 202 flats on Abu Dhabi’s Reem Island to a joint venture between two Dubai-based investment companies. The Abu Dhabi-listed developer said that it would use the cash from the sale of the 44,424 square metre B2 Tower in Marina Square to invest in new d Read more..

Arabtec shares rise on speculation over Aabar upping stake
Aug
30
Arabtec jumped more than 8 per cent yesterday as investors bought up shares amid speculation that the Dubai contracting firm’s biggest shareholder Aabar Investments may increase its ownership. Arabtec jumped 8.1 per cent during intraday trading, the highest one-day price jump since July  Read more..

Can new landlord give Abu Dhabi tenant 13% rent rise 6 weeks before lease ends?
Aug
27
We have been renting a villa in Abu Dhabi since October 1, 2012. In May this year we found out that our landlord intended to sell – we only found this out when agents came knocking on our door to show prospective buyers around. We had not been informed in writing by the landlord, or the agents Read more..

Nakheel hands Dh146m contract for 84 town houses and 8 retail blocks at Jumeirah Islands
Aug
23
Nakheel has awarded a Dh146 million contract to build more houses and shops at its Jumeirah Islands development in Dubai. New houses and a recreational centre at Jumeirah Islands are scheduled to be ready by 2016. It awarded the contract to Abu Dhabi-based Metac General Contracting to build 84 tow Read more..

Aldar receives wave of demand from corporate clients for Abu Dhabi property
Aug
20
Abu Dhabi developer Aldar Properties said it has received a strong wave of demand for long-term bulk lease deals from corporate clients. The lease agreements signed with corporate clients currently include 2,120 units, the developer said. Local and international companies have signed bulk leases a Read more..

Work set to start on Saadiyat Island marina district
Aug
17
Saadiyat Island’s marina district is taking shape as the master developer seeks companies that can start work on the project. Tourism Development and Investment Company (TDIC) is seeking pre-qualification bids from contractors ahead of a tender for work on underground infrastructure such as s Read more..

Abu Dhabi student with a million dollar side job
Aug
13
While most students spend their free time either rushing to meet assignment deadlines or partying with friends, one New York University Abu Dhabi student has other things on his mind – the multimillion dollar US property rental business he has co-founded. Weichen Zhu, 21, who is originally fr Read more..

Work under way at first residential project on Abu Dhabi’s Al Maryah Island
Aug
11
The Taiwanese developer Farglory is bullish about the Abu Dhabi property market as it starts work on an ultra luxury residential project on Al Maryah Island. It is in talks with developers in both Abu Dhabi and Dubai for various projects in the next three years as it looks to stay in the UAE market Read more..

Abu Dhabi tenant ordered to pay rent increase or the penalty for vacating
Aug
07
I reside in Abu Dhabi and the developer that manages my property sent an email with regards to an increase in rent, which was not received by the company I work for. They insist an email was sent. I have been following up and chasing them. Finally I got hold of someone who informed me of the increas Read more..

Nine new multi-storey residential properties in the pipeline for Saadiyat Island
Aug
05
The skyline at Abu Dhabi’s Saadiyat Island is set to become more crowded as its master developer Tourism Development and Investment Company looks to add multi-storey residential properties to the island. TDIC is seeking pre-qualification bids ahead of a tender for construction work on nine mu Read more..

Handovers at Abu Dhabi’s Gate Towers drive Aldar Q2 profit jump
Aug
03
Aldar Properties, Abu Dhabi’s largest real estate developer, reported a jump in its second-quarter net profit this morning, after excluding one-time merger gains in the corresponding period last year. The builder made a quarterly profit of Dh506 million, up 168 per cent from Dh189m a year ear Read more..

Aldar to launch apartments in Abu Dhabi’s tallest tower
Jul
31
Aldar Properties intends to launch 474 residential units for rent in Abu Dhabi city in the last quarter, said Talal Al Dhiyebi, executive director of Asset Management at Aldar. The 474 units are part of the WTC Residences in downtown Abu Dhabi. Construction work in the residence tower was complete Read more..

Second tallest tower in UAE nears completion
Jul
27
Poised to become the second tallest tower in the UAE, Marina 101 in Dubai is now 80 per cent complete according to its developer Sheffield Holdings. The 425-metre tower, which will trail only the 828m Burj Khalifa, is expected to be completed early next year. Dubai’s Princess Tower is curren Read more..

Former Arabtec CEO Hasan Ismaik reduces shareholding at Dubai builder
Jul
26
The former Arabtec chief executive Hasan Ismaik has sold a small part of his shareholding in the construction company, according to data from Bloomberg. This is the first time he has sold shares since his departure in June. Mr Ismaik sold 3.5 million shares on Wednesday, reducing his holding to 28. Read more..

Aldar ties up with Chalhoub for region’s biggest department store at Yas Mall in Abu Dhabi
Jul
23
Aldar Properties has signed an agreement with the luxury brand retailer Chalhoub Group to create the region’s largest department store, at Abu Dhabi’s soon-to-open Yas Mall. Chalhoub, which opened the world’s largest shoe store – the 96,000 square feet Level Shoe Distri Read more..

Arbitration cases rise on introduction of new rules at ADCCAC in Abu Dhabi
Jul
22
New rules introduced last year by Abu Dhabi Commercial Conciliation & Arbitration Center (ADCCAC) have prompted a surge in real estate and construction arbitration cases. The new arbitration rules were universally welcomed by the UAE’s legal community upon their introduction last October, Read more..

Design group bringing the Italian life to Abu Dhabi
Jul
17
Rome may not have been built in a day, but a group of Italian architects and property services companies is hoping that they can build an entire Italian style city in the UAE. Sirei, a group of Italian architects, builders and furniture designers that aims to expand Italian real estate styles all o Read more..

Mall of the World: Largest shopping centre on the planet unveiled in Dubai
Jul
14
Dubai is preparing plans to build the world’s largest mall under a giant glass dome in what ranks among the emirate’s most ambitious projects ever planned. It is part of a strategy to boost Dubai’s burgeoning tourism economy by providing more options for visitors amid searing summ Read more..

Arabtec press conference: As it happened
Jul
05
Arabtec Holding, whose strategy is being questioned by investors after the resignation of the chief executive Hasan Ismaik, declined rapidly during what was a dramatic month for the Dubai Financial Market. But with its stock back up nearly 15 per cent today and analysts casting doubt on the viabilit Read more..

Dubai’s Amlak Finance offers lenders new deal to restructure $1.7bn debt
Jul
02
Amlak Finance, the Dubai-based Islamic mortgage provider, has proposed a new deal to restructure about US$2.7 billion in debt. The Dubai-based company part-owned by Emaar Properties met lenders last month to present the deal, a spokesman confirmed in an e-mailed response to questions Read more..

UAE hotels pin hopes on Iftar and Suhour meals as occupancy falls in Ramadan
Jun
28
Hotels across the country are gearing up for Ramadan, banking heavily on their iftar and suhour meal offerings to make up for a drop in occupancy rates during the month. Last Ramadan, which continued for the most part of July, occupancy rates at the four and five-star hotels in Dubai dropped to 54. Read more..

Dubizzle launches website for Dubai rent and property legal advice
Jun
25
DUBAI // Tenants facing eviction or unfair rent increases will be able to get a clearer picture of their rights, thanks to a new online property advice service. Dubizzle, the Dubai-based classifieds website, is launching knowyourrights.dubizzle.com on Tuesday. The site will allow the public to have Read more..

UAE mid-table in property transparency index
Jun
23
Dubai came 49th and Abu Dhabi 53th in a transparency index of 102 global real estate markets. The new table – which measured real estate markets, most of them national, based on the ease with which property could be bought, sold and valued – ranks Dubai and Abu Dhabi as retaining their  Read more..

Property booms are good for UAE economy’, says Damac boss
Jun
18
Property booms are good for the UAE’s economy and for its residents, says the boss of one of the region’s biggest developers. Ziad El Chaar, the managing director of Damac Properties, told The National: “Property booms lift economic activity and are good for personal wealth l Read more..

Homefront: Evicted Dubai resident finds landlord has relet property
Jun
12
I have been evicted by the landlord under the guise of her wanting the property for her own use. Three weeks later she has rented it out again. I have been to the rental committee and found it all very confusing. Would you kindly recommend someone whom I could hire for advice? DC, Dubai I am sorry  Read more..

Yas Island apartment sale draws enthusiastic reception in Abu Dhabi
Jun
09
Investors crowded into the breakfast room of the Crowne Plaza hotel to snap up the first residential units for sale on Yas Island yesterday. While there was a mix of local and expatriate investors for Aldar’s first property sales available for non-UAE nationals on the island, the going appear Read more..

Aldar to launch first apartment scheme on Abu Dhabi’s Yas Island
Jun
07
Aldar Properties will start marketing its first major apartment project on Yas Island on Saturday. Abu Dhabi’s largest listed property developer will build the Ansam project comprising 540 apartments next to the Yas Links golf course. Prices are understood to start at about Dh705,000 for a 5 Read more..

Damac hoping to tempt buyers into doubling up with two-flat deals
Jun
04
The Dubai property developer known for enticing investors with the promise of free yachts, speed boats or jet skis when they buy a luxury flat is hoping to attract buyers with the offer of cheap deals for people buying two flats. This summer Damac said it was offering buyers the chance to Read more..

Investor confidence in UAE hotels grows as visitor numbers rise
Jun
02
Increasing tourist numbers have lifted investor confidence in the country’s hotel sector, particularly Dubai, say the property consultants JLL. While domestic developers and high net worth individuals form a large portion of investors, there is also an increased appetite from global instituti Read more..

Hundreds of Abu Dhabi tenants defrauded by bogus landlords
May
29
ABU DHABI // Hundreds of tenants have been defrauded by bogus landlords and property agents who rent one home to several families and then disappear before the scam is uncovered. Police in Abu Dhabi have investigated 211 cases of property fraud in the past 15 months, 66 of them in the first three m Read more..

Institutional investors may have an edge in Emaar listing
May
27
Some retail shareholders in Emaar Properties fear they will be frozen out of the forthcoming initial public offering of its malls business by international institutions favoured by the company’s army of advisers. Emaar will employ eight investment banks as advisers or book runners o Read more..

Jumeirah reaches agreement to operate Mauritius resort
May
24
Jumeirah Group, the Dubai-based luxury hotel and resort company, has signed a management agreement to operate a resort on the Indian Ocean island of Mauritius. The project is currently under development and expected to open in 2018. Designed by internationally renowned architects, the re Read more..

Aldar’s Al Hadeel scheme at Al Raha Beach sold out on return to market
May
20
Abu Dhabi’s first major off-plan property launch in four years sold out in just a couple of hours on Saturday. Aldar Properties sold all 223 off-plan apartments and town houses at its new Al Hadeel scheme in Al Raha Beach as more than 600 people came to the Crowne Plaza hotel on Yas Isla Read more..

Rents and hotels offset sliding villa revenue for Emaar Properties
May
17
Revenue from Emaar’s hotels and rental properties rose by nearly a sixth during the first three months of the year, offsetting a nearly 17 per cent fall in villa revenue. Revenue from hotels increased 15.8 per cent to Dh483 million from Dh417m last year, as the company benefited from Dubai&rs Read more..

Damac profits boosted by plot sales at Akoya golf course project in Dubai
May
14
First quarter profits at Damac Real Estate Development soared by 79 per cent, helped by the sale of plots at its Akoya golf course development in Dubai. Damac, a company known for offering customers Lamborghinis and yachts when they buy luxury flats, reported that net profit for the first  Read more..

Aldar profits triple with projects completed and sales to Abu Dhabi government
May
12
Abu Dhabi’s largest listed developer Aldar Properties has reported a near tripling of first quarter profits as the company benefitted from asset sales to the Abu Dhabi Government, its merger with rival Sorouh and the completion of a number of its delayed projects. Net profits for th Read more..

Emaar granted exceptions to IPO rules on the Dubai Financial Market, sources say
May
10
Emaar Properties, Dubai’s leading developer, has been given approval to float shares in its malls business on the Dubai Financial Market, and exemption from restrictions that would normally apply to local-market initial public offerings. Two senior sources in the Dubai financial hierarch Read more..

Abu Dhabi’s Al Maabar aboard for €7bn project at former Athens airport
May
08
Abu Dhabi’s Al Maabar will help to spearhead what could become Europe’s largest mixed-use development, a €7 billion (Dh35.82bn) project to redevelop the former international airport in the Greek capital. It represents the first major project to be undertaken by the coalition of dev Read more..

Labour leader brings a bit of Abu Dhabi to London rent proposals
May
06
Imagine a country in which rents are negotiated annually, price rises are capped based on a benchmark approved by the government, and landlords must specify three months in advance if they plan to evict tenants. This is the basis of new proposals in the UK by the Labour party’s prime minister Read more..

No win situation for Abu Dhabi tenant given 105% rent hike
May
04
I have lived in an Abu Dhabi building since 2007. Every year we have had a rental increase of 5 per cent at the renewal of the lease agreement. Currently the rent is Dh25,806. The lease agreement is expiring on August 23. Now I have received a notification informing me that the new rent will be Dh53 Read more..

Al Barari luxury homes in Dubai turn inside out
May
03
With sleek white blocks seemingly suspended in mid-air, some of the latest flats being marketed by the Dubai luxury developer Al Barari appear to be missing one vital component — walls. The chichi private developer, which owns some of Dubai’s biggest and most luscious private gardens, l Read more..

Dubai landlord wants to raise rent by more than 40% - is that legal?
Apr
30
My rental agreement is due for renewal at the end of May and I have just received an email from my landlord saying that the rent will be increasing by Dh50,000 a year, which is an increase of more than 40 per cent. We cannot afford to pay this additional amount and my friend told me that the maximum Read more..

Emaar allows UAE home buyers to jump the queue
Apr
29
Emaar Properties is offering anyone who pays 30 per cent down on a new home the chance to skip the queue and register early. But the catch is that they must hold on to it until completion. Buyers who make a 30 per cent down payment on the total value of off-plan homes and commit to maintaining Read more..

Dh16 million Palm property is tempting for investors
Apr
27
Construction is picking up pace on Dubai’s Palm Jumeirah, with homes on the strip proving to be hot property for investors. One four-bedroom duplex penthouse in Marina Residence 3 is on the market for Dh15.7 million. It can be paid off at Dh65,382 per month, based on a 25-year mortgage at 4.4 Read more..

Arabtec plans low-cost housing schemes around Abu Dhabi
Apr
24
Arabtec is planning to build low cost housing around the capital as rising rents squeeze earnings. Arabtec’s new property division said yesterday that it was in discussions with the Abu Dhabi Government to build thousands of new homes for lower paid workers around the capital. It hopes to bu Read more..

Gate Towers Penthouse Collection on Reem Island launched by Aldar
Apr
23
Aldar Properties, the Abu Dhabi developer, has launched the sale of its Penthouse Collection at the iconic Gate Towers development on Reem Island. The 21 duplex penthouses were launched at Cityscape Abu Dhabi and are located in a curved sky-bridge spanning approximately 300 metres ac Read more..

Abu Dhabi warned rising rents could drive low-paid workers out of UAE
Apr
23
One of the companies  advising the Abu Dhabi  Urban Planning Council on its strategic vision has  warned that rising rents could hamper city's ability tp complete. JLL, which, along with Arup, Mace and Oxford Economics, is currently advising the Abu Dhabi Government on revising its o Read more..

Bloom Properties starts work on Al Bateen Waterfront project in Abu Dhabi
Apr
22
Abu Dhabi’s Bloom Properties has started construction of its mixed-use Al Bateen waterfront project as the residential property market continues to improve in the capital. The Abu Dhabi Marina will have 225 apartments of one to four bedrooms, a five-star hotel, and 3,000 square metres of reta Read more..

Abu Dhabi leads Arabian Gulf in retail space development
Apr
21
Abu Dhabi has more major retail space under development than anywhere else in the Arabian Gulf, according to a new study. Eight new mega shopping centres are set to be built in the capital over the next three years, according to the property adviser CBRE, giving Abu Dhabi the largest retail develop Read more..

Al Reef Downtown rents rise 17% in the first quarter
Apr
05
Housing rents in Abu Dhabi’s Al Reef Downtown rose 17 per cent during the first three months of 2014 while rent rises in the capital’s more glamorous areas slowed. Average rents for a one-bedroom apartment in Al Reef Downtown, about half an hour’s drive from Abu Dhabi ci Read more..

Khalifa City is Abu Dhabi’s most sought after rental neighbourhood
Apr
02
Abu Dhabi’s Khalifa City has become the most searched for rental neighbourhood in the capital new research has found. Khalifa City accounted for 18 per cent of all rental searches in Abu Dhabi during the first quarter of the year, according to the UAE property website propertyfinder Read more..

Seven steps to dealing with the removal of Abu Dhabi’s rent cap
Mar
27
The Abu Dhabi rent cap was introduced in 2006 by what has become known as the Tenancy Law. Set at 7 per cent per year, it meant tenancy agreements coming up for annual renewal could be only to a maximum 7 per cent rent increase. This was later tightened to 5 per cent in 2010 to combat ren Read more..

Aldar sells 100 homes in Alghadeer project close to Dubai Expo 2020 site
Mar
25
Aldar Properties has completed the first 2,130 homes at its Alghadeer project close to the Expo 2020 site in Dubai as the developer banks on infrastructure upgrades to help it finally complete the long-awaited master plan. The company has sold 100 homes at the scheme over the past six weeks for abo Read more..

Middle East funds breathe new life into European property market
Mar
24
Middle East funds are helping to drive European commercial property yields lower as they join a rush of international investors snapping up real estate on the continent. The spending spree, which is approaching pre-financial crisis levels, dominated the annual gathering of European property profess Read more..

Arabtec profits surge in final quarter of 2013
Mar
23
Profits at Arabtec nearly tripled in the final three months of last year, Dubai’s largest listed contractor said yesterday. The company is benefiting from a recovering UAE construction market and its expansion and diversification strategy. Posting its full year financial results, A Read more..

Plan for Nasdaq Dubai and London listing of retail unit lifts Emaar shares
Mar
22
Emaar stock surged yesterday after the developer disclosed plans to choose Nasdaq Dubai and London to list its retail operations. Emaar shares rose by 5.08 per cent to close at Dh9.75 – their highest level since August 2008 – after the chairman Mohamed Alabbar said in an interview  Read more..

Emaar market cap jumps nearly Dh3bn on plan to sell retail unit
Mar
18
The value of Emaar Properties jumped by almost Dh3 billion yesterday as investors scrambled to be part of the sale of its retail unit, which includes The Dubai Mall. A share-buying frenzy boosted Emaar’s market capitalisation to Dh59.23 billion. Investors yesterday rushed to buy ho Read more..

The best places in the world to buy property today
Mar
15
Property investors have beaten a path to London in recent years, drawn by its weak currency, safe haven status and relentless house price growth. Every time a new crisis strikes, whether it’s the Arab Spring, euro-zone meltdown or emerging market turmoil, nervous investors around the world se Read more..

Abu Dhabi and Dubai among world’s fast growing premium property markets
Mar
08
Dubai and Abu Dhabi have been named as two of the world’s fast growing premium property markets, according to research by Knight Frank. The UAE’s two largest cities took advantage of improved economic indicators and a more stable real estate market to feature in the top 10 fastest-growi Read more..

Trader profile: Gravitational shift in Dubai’s tourism
Mar
04
  Where are you based? Dubai. What is the asset class and geography you are focused on? Hospitality real estate. What is the outlook for the month ahead in your opinion? The hotel real estate sector in Dubai proved to be a relatively safe bet over the past few years and we fores Read more..

Five-star lifestyles at Damac Maison tower in Dubai
Mar
01
With facilities including a flotation tank containing 600 kilograms of salt, showers programmed with mood lighting to pummel you with an assortment of sensations and two specially crafted building scents, Damac’s new Damac Maison tower has all the gimmicks you would associate with a five-star  Read more..

Rent advice: Is a ‘non-renewable’ Dubai tenancy contract legal?
Feb
26
My landlord issued a new contract last week that states at the top of the page “one year - non-renewal” under the tenancy period. I have read this is not legal, but if I were to sign this contract then I am consenting to the agreement of non-renewable. I read another article that states  Read more..

Melia Hotels and Banyan Tree plan to open boutique hotels in Abu Dhabi
Feb
24
Mid-sized hotel brands are joining the list of chains adding rooms in Abu Dhabi. The Spanish brand Melia Hotels International is looking to enter Abu Dhabi in the next couple of years and would join Banyan Tree Hotels and Resorts, which expects to make it to the capital in a similar time frame. Th Read more..

How to buy a UAE property as prices rise and loan caps come into effect
Feb
22
Hatim Najee is still delighted he managed to complete his first property purchase last December. The 33-year-old bought his Dh3 million apartment in Executive Towers, Dubai, with a deposit of just 15 per cent. Securing a mortgage has become a little harder for UAE residents these days following th Read more..

Dubai developer Emaar’s profits top Dh2.5bn amid property revival
Feb
18
Strong perfomance across its malls, property and hotel units helped to push quarterly profits up by 48 per cent at Emaar Properties. Full-year net income rose 21 per cent to Dh2.56 billion, beating expectations. The Dubai-based company generated Dh756 million in profit in the fourth quarter, cappin Read more..

Dubai developer Deyaar to allow up to 25% foreign ownership
Feb
16
Dubai property developer Deyaar said today that it planned to allow foreigners to begin investing in its shares and hold up to 25 per cent of its share capital At present, nationals from Gulf Cooperation Council countries can own up to 49 per cent of Deyaar’s shares; they currently  Read more..

Aldar plans to build 1,000 units in Abu Dhabi as net profits surge
Feb
13
Aldar Properties aims to develop 1,000 new apartments across Abu Dhabi from Al Bateen to Raha Beach. Abu Dhabi’s only major listed property developer said it would start to sell the new units in the first half of this year – 500 of them on Yas Island, 250 at Raha Beach and another  Read more..

Estate agents welcome Abu Dhabi’s rent index
Feb
11
DUBAI// Property experts have welcomed a proposed rent index for Abu Dhabi as likely to bring stability to the market. The index, which is expected to be introduced next month, will use market data to set fair rents for each of 10 to 12 residential zones on Abu Dhabi island. “I think it is w Read more..

Abu Dhabi to launch residential property rent index
Feb
09
ABU DHABI // Abu Dhabi is to launch a residential property rental index as early as next month. Abu Dhabi island will be divided into 10 to 12 zones according to rent levels. The index will set a guide rent for each zone based on market data analysis. The aim of the index is to establish rents tha Read more..

Apartment with quirky features at Reem Diamond Residence in Abu Dhabi
Feb
06
With flats that feature an outside dining room and a “loo with a view”, Abu Dhabi’s newest apartment block, Reem Diamond Residence, is certainly on the quirky side. The 10-storey block of 48 flats in the Shams area of Reem Island, opposite Boutik Mall, was officially handed o Read more..

Dubai’s Arabtec targets Arab youth with plans to create 10,000 jobs
Feb
04
Arabtec Holding plans to create 10,000 new jobs, targeting Arab youth, after winning its biggest ever contract. “It’s one of our strategic objectives to contribute to the socio-economic development of the Arab World and create thousands of jobs for the national youth in these countries, Read more..

Arabtec in Dh22bn contract to build 37 new towers in Dubai and Abu Dhabi
Feb
02
Arabtec Holding is set to undertake its largest ever contract to build 37 towers in Abu Dhabi and Dubai at a cost of more than Dh22 billion. The Burj Khalifa builder signed an initial agreement with Abu Dhabi’s Aabar for the mammoth undertaking. “We will assign all construction work in Read more..

Emaar’s opera house project in Dubai will be a multi-purpose facility
Oct
21
A multibillion-dirham opera house in Downtown Dubai will be built using technology that allows the 2,000-seat theatre to be converted into a banqueting hall or exhibition space, the designers say. The facility will be built in a way that 900 of the 2,000 seats can be removed with the use of hydraul Read more..

TDIC prepares to build homes in museum quarter of Saadiyat Island
Oct
21
Tourism Development & Investment Company, the government-owned developer of cultural and residential projects in Abu Dhabi, is preparing to build its first homes in its multibillion-dirham museum quarter on Saadiyat Island. With Abu Dhabi’s Louvre museum scheduled to open in 2015, followe Read more..

The Dubai property proposition
Oct
06
The cost of housing is back on the agenda in Dubai, as an increasing number of statistics point towards rapidly rising sale prices and rents. As the emirate gears up for one of the largest Cityscape exhibitions in years, the rapidly rising cost of renting and owning property in Dubai, particularly i Read more..

Abu Dhabi gets a fresh look at Saadiyat Island’s future
Oct
06
Tourism bosses have given Abu Dhabi the latest glimpse into the future of Saadiyat Island as they prepare to showcase the huge project to the world at the upcoming Cityscape Global 2013 property conference in Dubai. At the event, which kicks off on Tuesday, the Tourism Development & Investmen Read more..

Meydan links up with Indian developer on Dubai mega project
Oct
05
With just days to go before Cityscape and property prices soaring, Meydan, the private developer behind the world’s largest horse racing complex, and the Indian developer Sobha are gearing up their efforts to market the first phases of a Dh21 billion mega project in Dubai. The pair which ar Read more..

TDIC places luxury apartments for sale in second phase of Saadiyat Beach Residences
Oct
02
The master developer of Saadiyat Island, Tourism Development & Investment Company (TDIC), has placed 70 apartments for sale from the second phase of its Saadiyat Beach Residences project. The flats, which have one to four bedrooms, go on the market today. Prices start at Dh1.4 million. “O Read more..

Nakheel and Al-Futtaim stamp bigger retail footprint
Oct
02
Nakheel will issue a tender tomorrow to build a Dh2.5 billion shopping centre on Dubai’s Palm Jumeirah. Ground preparation and piling work has already begun at the site of Nakheel Mall, a 418,000 square metre retail, dining and entertainment complex. Due to open in 2016, the mall will feature Read more..

Abu Dhabi’s Al Bahr Towers second to Canada’s Marilyn Monroe buildings in best architecture awards
Sep
28
Emaar Properties said yesterday that investors will this week be able to buy homes in the latest phase of Arabian Ranches, as the Dubai developer expands one of its most popular communities. Emaar said it would open online registration on its website for 121 villas with Spanish-style architecture i Read more..

Prime Dubai house price surge tops the world
Sep
14
Prime house prices in Dubai are rising faster than anywhere in the world, rocketing 21.7 per cent over the past year as new mortgages in the emirate surge. According to the property broker Knight Frank, the average price of prime property in Dubai increased 14.7 per cent over the six months to June Read more..

Put your UAE mortgage on the map
Sep
14
Financial skills are just like other skills in that they have to be learnt. Nobody, no matter how successful, was born a financial genius. Not even Warren Buffett, the self-made billionaire investor, knew a lot about financial management when he was young. He developed the skills that built his succ Read more..

Renting surge in Abu Dhabi's upscale areas as residency deadline looms
Aug
20
The number of new tenants taking out leases in Abu Dhabi’s glitziest neighbourhoods has increased by up to a fifth as government workers relocate to the capital ahead of the housing allowance decree deadline. Property brokers are reporting a surge in leasing activity in new masterplanned area Read more..

More moving to Abu Dhabi from Dubai as housing deadline nears
Aug
13
Removal companies say traffic from Dubai to Abu Dhabi has risen ahead of a deadline issued in the capital for government employees to move into the emirate or risk losing their housing allowance. Circulars were issued to human resources departments in the capital's government offices last September Read more..

200 per cent profit rise for Abu Dhabi's Aldar
Aug
13
Aldar Properties unveiled a 200 per cent increase in second quarter net profits yesterday as the company benefited from a Dh2.6 billion one-off capital gain on the back of its merger with Sorouh. Aldar completed the deal with Sorouh Real Estate in June, creating a company with US$13 billion in asset Read more..

Nakheel to start The Pointe on Palm Jumeirah by year's end
Jul
20
Nakheel has said it will start construction work before the end of the year on its long-awaited Dh800 million The Pointe shopping and leisure development on the Palm Jumeirah after awarding a contract for ground improvement work. Nakheel said it had awarded the contract for ground preparation for t Read more..

Property transactions in Dubai surge in first half of 2013
Jul
20
A total of Dh108 billion worth of property changed hands in Dubai during the first half of 2013, an increase of nearly a third on the previous year, according to new data. According to figures published yesterday by Dubai Land Department, the government body responsible for registering all property Read more..

Cleveland builder seeks extension on Abu Dhabi's Al Maryah hospital deadline
Jul
16
SEOUL // The builders of Cleveland Clinic Abu Dhabi are seeking an extension to the contract as the 364-bed hospital takes shape on Al Maryah Island.Slated to take its first patients by the end of this year, it has pushed its construction completion date from an initial target of March of this year  Read more..

8,000 new serviced apartments for influx of Dubai tourists
Jul
16
Damac Properties plans to develop almost 8,000 luxury serviced hotel apartments to cater for an expected influx of tourists to Dubai. The emirate is hoping to attract 20 million visitors by 2020 and Damac executives have calculated that if increases continue at current rates, hotel capacity could b Read more..

Nakheel's profits leap as it targets to deliver 3,000 units this year
Jul
16
Nakheel first-half profits jumped by more than 57 per cent as it accelerated the handover of homes ahead of more than US$2.2 billion in loans that come due in 2015 "The results reflect the ongoing support of the Government of Dubai and the commitment by Nakheel to delivering the post restructuring  Read more..

Work begins on $1bn housing and hotel tower project on Abu Dhabi's Al Maryah island
Jun
30
Taiwan's largest listed property developer Farglory has become the first overseas developer to break ground on Abu Dhabi's Al Maryah island, whose master planner is Mubadala Real Estate. In a ceremony yesterday the Farglory chairman Chao Teng-Hsiung oversaw the groundbreaking of the first phase of  Read more..

Chinese contractor buys stake in $1bn Viceroy Hotel on Dubai's Palm Jumeirah
Jun
30
China State Construction Engineering Corporation (CSCEC) has bought a stake in Skai Holdings' US$1 billion Viceroy hotel on the Palm Jumeirah in Dubai.The regional unit of the Shanghai-listed construction giant has formed a special purpose vehicle with the Dubai developer Skai to invest in the schem Read more..

Mile-high tower: Prince Alwaleed invites Burj Khalifa's Emaar to set new record
Jun
22
The Saudi prince currently developing the world's tallest tower has invited the Dubai developer Emaar to help develop an even higher building - a mile high - in one of the world's largest cities. Prince Al Waleed bin Talal, one of the world's richest men, has invited the Emaar chairman Mohamm Read more..

Abu Dhabi's TDIC sells Saadiyat flats to Mubadala venture
Jun
19
The Tourism Development and Investment Company (TDIC), the master developer of Saadiyat Island, has sold 285 apartments to a joint venture between the United States-based property investor Pramerica and the Abu Dhabi state investment fund Mubadala. In a stock market announcement yesterday the Read more..

Luxury mansion in British countryside is for sale
Jun
08
Renovations have turned a neoclassical villa in the English countryside into an £18 million (Dh102.1m) luxury mansion. designed by two of Britain's best-known architects, Sir John Soane and Sir Edwin Lutyens, Tyringham Hall in the county of Buckinghamshire is up for sale for the first t Read more..

Carlyle Group in sky-high deal for Manhattan tower
Jun
05
The Carlyle Group has struck New York's biggest commercial property deal in three years. The Washington, DC-based company, in which Abu Dhabi's Mubadala Development is an investor, is spearheading a deal with two US property specialists to sell its 600,000 square foot 650 Madison Avenue offic Read more..

Developers line up for traditional-style tourist souq project in Abu Dhabi
Jun
05
  Developers are limbering up to bid for the chance to develop and operate a 1.6 million square feet traditional style tourist souq next to Abu Dhabi's iconic Sheikh Zayed Grand Mosque. Abu Dhabi Municipality, the landowner, said that more than 20 investors and developers had expressed  Read more..

Nakheel's Legacy Nova villa scheme in Dubai draws big interest
Jun
05
Amid increasing concerns about another Dubai property bubble, Nakheel yesterday reported a rush of investors signing up to buy property in its newest off-plan villa scheme. Nakheel said that investors on Sunday reserved 350 Legacy Nova villas set to be built in Jumeirah Park with sales values i Read more..

Noor to offer non-UAE resident mortgages for Emaar's property projects
Jun
05
Banks in the UAE are hoping to capitalise on a wave of overseas interest in Dubai property as international property speculators pile back into the country. Islamic Bank yesterday said that it had agreed a tie-up with Emaar Properties to offer off-plan mortgages to non-UAE residents on the  Read more..

Dubai property prices rocket in first quarter of 2013
Apr
12
Apartment prices in Dubai rocketed up by an average 12 per cent during the first three months of 2013 as the city witnessed a return to the days of rampant double digit house price inflation. According to property broker Asteco, apartment sales prices are now a whopping 27 per cent higher than they Read more..

Rental regulation benefits everyone
Apr
12
Along with food and clothing, shelter is an essential human need. And thanks to an aggressive growth strategy over the last four decades, the UAE has been able to provide adequate accommodation for both its citizens and its large, fluid expatriate population. Yet, the supply of rental housing has no Read more..

UAE Central Bank makes ruling on Emirati and expat mortgage cap
Mar
29
ABU DHABI // Mortgages in the UAE will be capped at 80 per cent for Emiratis and 75 per cent for expatriates, the Central Bank has ruled.   According to banking sources, a high profile meeting in Abu Dhabi yesterday between the Central Bank and representatives of national and overseas lenders Read more..

Damac goes to Hollywood with Paramount partnership for hotel
Mar
27
The Dubai property developer Damac Properties has teamed up with the film  giant Paramount Pictures to market a US$1 billion (Dh3.67bn) hotel project in  Downtown Dubai. The Damac Towers by Paramount scheme of four identical towers each of 250  metres in height will offer views of Bu Read more..

Arqaam says it is a buy for company created by Aldar and Sorouh merger
Mar
27
AldarSorouh Properties, the company to be created through the merger of Abu  Dhabi's two largest developers, was rated buy at Arqaam Capital. The price target for the shares was set at Dh2.50, Dubai-based analysts led  by Mohammad Kamal wrote in a March 7 note to clients. Abu Dhabi's Alda Read more..

Kingdom Tower, Burj Khalifa and the era of the megatall buildings
Mar
12
Imagine a particularly intricate and improbable piece of engineering that  would uproot the Statue of Liberty, pedestal and all, from New York Bay and  place it on top of the Burj Khalifa. Now take a second Lady Liberty, all 93 metres of her, and balance this on top  of the first. On Read more..

Abu Dhabi's Dh3bn model for public private partnerships
Feb
27
Abu Dhabi Municipality is hoping that plans to build 40 new community centres  across the capital will provide a working model for public-private  partnerships. Under a project announced this week by the municipality, private investors  will be invited to build and operate small-scal Read more..

Website been Launched with updates
Mar
02
We have just launched and published our new website. Few Modules are still under testing - Sorry for any inconveniences Read more..

Recovery in property market wins over wealthier UAE expats
Dec
04
Wealthy expatriates in the UAE have changed their view of investment in bricks and mortar with most of them now regarding local property as second only to gold as the best form of long-term investment.According to the pensions provider Friends Provident, affluent expats believe the investment market Read more..

Abu Dhabi's Etihad Towers ranks high among world's skyscrapers
Dec
04
Abu Dhabi’s striking Etihad Towers skyscraper complex on the Corniche has been named one of the world’s top skyscraper developments in a highly regarded award for high-rise architecure.The Dh2.5bn (US$680.5 million) complex of five curved towers has been honoured in the Emporis Skyscrape Read more..

Tamweel Tower fire started by cigarette butt, say Dubai Police
Dec
04
The Dubai Police forensic department has released its findings on the fire, which gutted half the building in the early hours of November 18. They found that it started in a corridor at the back of the building's ground floor. The corridor was piled with paper, tape and wood left by contractors wo Read more..

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